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Increasing Price of Building Materials in China Expected to Hike More in Next Chinese New Year

2010-12-02

The price of furniture and building materials in China continue to grow recently, with the increasing margin of 10-50%. There are 3 main reasons for the increasing price in the building materials industry: 1. the price hike of raw materials like wood 2. increasing labor costs 3. increasing price of oil, which all increase the production costs of building materials.